US Bancorp DE Has $152,000 Stock Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

US Bancorp DE lifted its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 56.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,875 shares of the real estate investment trust’s stock after acquiring an additional 3,194 shares during the period. US Bancorp DE’s holdings in ARMOUR Residential REIT were worth $152,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Ameriprise Financial Inc. boosted its stake in ARMOUR Residential REIT by 486.7% during the fourth quarter. Ameriprise Financial Inc. now owns 814,009 shares of the real estate investment trust’s stock worth $15,352,000 after buying an additional 675,259 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in ARMOUR Residential REIT by 1,204.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 350,145 shares of the real estate investment trust’s stock worth $6,604,000 after buying an additional 323,298 shares in the last quarter. Geode Capital Management LLC boosted its stake in ARMOUR Residential REIT by 13.6% during the fourth quarter. Geode Capital Management LLC now owns 1,304,665 shares of the real estate investment trust’s stock worth $24,611,000 after buying an additional 156,514 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in ARMOUR Residential REIT during the fourth quarter worth $2,296,000. Finally, Simplicity Wealth LLC acquired a new stake in ARMOUR Residential REIT during the first quarter worth $2,002,000. Institutional investors and hedge funds own 54.17% of the company’s stock.

ARMOUR Residential REIT Trading Down 1.5%

ARMOUR Residential REIT stock opened at $15.06 on Friday. ARMOUR Residential REIT, Inc. has a 1 year low of $13.18 and a 1 year high of $21.08. The company has a market cap of $1.38 billion, a PE ratio of -62.75 and a beta of 1.38. The company’s 50-day moving average is $16.45 and its two-hundred day moving average is $16.89.

ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). ARMOUR Residential REIT had a negative net margin of 4.55% and a positive return on equity of 15.89%. The business had revenue of $84.19 million for the quarter, compared to analyst estimates of $52.77 million. Research analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 1,720.0%. ARMOUR Residential REIT’s dividend payout ratio is -1,200.00%.

Analyst Ratings Changes

A number of research firms have weighed in on ARR. Janney Montgomery Scott upgraded shares of ARMOUR Residential REIT from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. UBS Group reiterated a “neutral” rating and set a $16.00 price target (up previously from $14.00) on shares of ARMOUR Residential REIT in a research note on Thursday, July 10th. Finally, Jones Trading restated a “hold” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $16.00.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.